Policy ServicingBe it handling IT consequences of mergers / divestitures, or simplifying complicated workflows, Wipro offers cost effective and quality solutions. We, at Wipro, blend the best of domain expertise and top notch technology to keep you one step ahead. We offer powerful end to end solutions to insurers faced with key business issues, including:

• Merger / consolidation complications
• Integration
• Web enablement to increase efficiency
• Compliance requirements
• Retaining competitive edge through business process re-engineering or technology upgradation

Wipro has implemented result focused solutions for Clients across the globe in:

• Gaining Early Market Entry and Higher Market Share
  Wipro’s solution to a leading player in life insurance and annuities market in UK and Europe helped in enhancing their policy admin systems and subsequently make an early market entry for a higher share of the single premium Individual Savings Account product.
  
  
• Retaining existing customers through enhanced experience
  For a leading UK insurer, Wipro’s solution ensured automated calculation of asset based surrender values and projections and provided a single customer view.
  
  
• Reengineering Pension systems for Effective Regulatory Compliance
  Wipro’s solution took care of handling 15 impacted systems in multiple locations amidst tight deadlines, to cater to new regulatory requirements and bring pension products in line with new legislations, for a leading insurer in UK and European market.
  
  
• Strengthen position with strategic partners through enhancements
  Our client’s strategic partners had indicated significant opportunities in the transfer value market and needed new features to their existing products. Wipro’s solution helped the client enhance its existing pension products, and increase their market share in individual pensions.
  
  
• Optimizing SME Utilization & Reducing Maintenance Costs through Outsourcing
  For one of the world’s largest insurance groups, Wipro ensured business continuity and also helped the Insurer better utilize it’s SME’s for more strategic projects.